While the soybean market in Argentina remains quiet with no trades last week, there was demand for June at +$0.18N but no sellers. Today demand is at +$0.08N for May and +$0.15N for June, although offers are still lacking so far. In Brazil, it is beginning to calm down after some weeks with strong movement. Weather Argentina and the world are focusing on the country’s weather conditions for the upcoming days and hoping for rain. Agricultural areas did not receive any this past week and continued to dry out with the high temperatures that prevailed in the early part. However, those temperatures did drop slightly at the end of the week, fortunately, and slowed that drying somewhat.Due to the combination of drought south of Buenos Aires, hig...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
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Accountability and a comprehensive approach to export programming
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